Edition:
India

Moneta Money Bank as (MONET.PR)

MONET.PR on Prague Stock Exchange

79.15CZK
8:55pm IST
Change (% chg)

0.25Kč (+0.32%)
Prev Close
78.90Kč
Open
78.75Kč
Day's High
79.80Kč
Day's Low
78.20Kč
Volume
1,868,700
Avg. Vol
1,203,185
52-wk High
86.25Kč
52-wk Low
73.80Kč

Latest Key Developments (Source: Significant Developments)

Czech Air Bank's 9M profit jumps ahead of sale to Moneta
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Moneta Money Bank as ::CZECH AIR BANK, UNDER PENDING ACQUISITION BY MONETA, SAYS JAN-SEPT NET PROFIT CZK 1.22 BILLION VERSUS CZK 285 MILLION YEAR AGO.Czech lender Moneta Money Bank <<>> announced plans this month to acquire domestic peer Air Bank and other assets in one of the largest deals in the Czech banking sector in recent years. nL8N1WO111.  Full Article

Moneta CEO says new entity will pay 70 pct of profit as dividend
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANK CEO SAYS BUSINESS CASE AFTER AIR BANK/HOME CREDIT OPERATIONS ACQUISITION SEES CAPITAL RATIO TARGET 17 PERCENT, INCLUDING 100 BPBS MANAGEMENT BUFFER.MONETA MONEY BANK CEO SAYS COMBINED ENTITY WITH AIR BANK/HOME CREDIT OPERATIONS WILL PAY 70 PERCENT OF PROFIT AS DIVIDEND.MONETA MONEY BANK CEO SAYS EXPECTS TO PAY LOWER DIVIDEND IN 2019 DUE TO RESTRUCTURING CHARGE IN RELATION TO ACQUISITION.  Full Article

Moneta in talks with Home Credit on Czech-Slovak businesses
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Moneta Money Bank as ::HOME CREDIT SAYS MONETA EXPECTED EXPECTED TO ACQUIRE 100 PERCENT SHAREHOLDING IN AIR BANK AND IN THE CZECH AND SLOVAK BUSINESSES OF HOME CREDIT.HOME CREDIT SAYS AS CONSIDERATION HOME CREDIT EXPECTED TO SUBSCRIBE 165.6 MILLION OF SHARES NEWLY-ISSUED BY MONETA, PRICED AT CZK 13.0 BILLION.HOME CREDIT SAYS ADDITIONALLY MONETA IS EXPECTED TO PAY TO HOME CREDIT GROUP A CASH CONSIDERATION OF CZK 6.75 BILLION.HOME CREDIT SAYS TRANSACTION IS EXPECTED TO CLOSE ON 1 JULY 2019.MONETA MONEY BANK SAYS EPS AND DIVIDEND PER SHARE OF COMBINED ENTITY TO INCREASE BY AT LEAST 10 PERCENT IN FIRST FULL YEAR POST-CLOSING.MONETA MONEY BANK SAYS IRRESPECTIVE OF TRANSACTION, EXPECTED 2018 DIVIDEND WILL NOT BE AFFECTED.  Full Article

Moneta Money Bank improves profit outlook but sees lower dividend
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANK SAYS H1 LOAN BOOK GROWTH 13.4 PERCENT Y/Y.MONETA MONEY BANK SAYS H1 NET PROFIT CZK 2.1 BILLION.MONETA MONEY BANK Q2 NET PROFIT CZK 0.948 BILLION VERSUS CZK 0.986 BILLION SEEN IN REUTERS POLL.MONETA MONEY BANK Q2 NET BANKING INCOME CZK 2.39 BILLION VERSUS CZK 2.38 BILLION SEEN IN REUTERS POLL.MONETA MONEY BANK SAYS MANAGEMENT WILL CONSIDER TO PROPOSE 2018 DIVIDEND PAYOUT OF CZK 5 GROSS PER SHARE.MONETA MONEY BANK SAYS Q2 NET INTEREST INCOME CZK 1.78 BILLION, UP Q/Q.MONETA MONEY BANK SAYS CZK 648 MILLION GAIN DELIVERED TO COST OF RISK FROM SALE OF NOMINAL VALUE OF CZK 3.6 BILLION OF NPLS.MONETA MONEY BANK SAYS EXPECTS TO APPROACH 15.5 PERCENT CAPITAL ADEQUACY RATIO BY END 2018 ACCORDING TO PLAN.MONETA MONEY BANK SAYS TARGETING TO DELIVER FY 2018 CONSOLIDATED NET PROFIT OF AT LEAST CZK 3.7 BILLION (PREVIOUS GUIDANCE CZK 3.5 BILLION).MONETA MONEY BANK SEES COST OF RISK IN 2018 AT 20-30 BPS (PREVIOUS FORECAST 35-45 BPS).  Full Article

Moneta CEO says to repeat NPL sales next year
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta CEO Tomas Spurny says selling CZK 4.9 billion in non-performing loans this year.Says we plan to at least repeat CZK 5 billion in sales of NPLs next year.NPL sales will have positive impact on cost of risk.Says we expect growth in NPLs due to interest rate growth ahead; but so far have cut NPLs to 4.4 percent from nearly 15 pct several years ago.Would not comment more on dividend plans until February; bank has been distributing excess capital.Says implementing IFRS 9 standards will raise cost of risk by 10-15 percent.Says delivering on our strategy to pay strong dividend while restructuring bank for growth.Says lending growth ate CZK 821 mln in capital this year.Says mortgage rates up; consumer lending rates still down, we hope this trend will stop with growing official interest rates.Says we bought about CZK 3 billion in state bonds in Q3, plan more as monetary policy changes market.Costs dropping, under control.Building digital platforms as source for growth .  Full Article

Moneta raises guidance after Q3 net profit of CZK 924 mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta says Q3 net profit CZK 924 million versus 909 million year ago.Moneta says full-year net profit guidance CZK 3.9 billion CZK versus previous target 3.65 billion and original guidance of 3.4 bln.Moneta says plans to pay out significantly above 70 percent of net profit in dividend for 2017.Moneta says expecting full-year cost of risk 50-60 bps vs original guidance of 100-110 bps.  Full Article

Moneta Money Bank reaffirms CET1 ratio target of 15.5 pct
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Moneta Money Bank As :reaffirms its medium CET1 ratio target of 15.5 percent.says has received SREP capital requirement from Czech National Bank.required to maintain total SREP capital requirement of 11 percent from January 1, 2018.CET1 target consists of (a) new 11 per cent SREP capital requirement, (b) 1 per cent countercyclical buffer, (c) 2.5 per cent capital conservation buffer, and (d) 1 per cent management buffer.  Full Article

Moneta expects 'more moderate' Czech mortgage market growth -CEO

PRAGUE, Nov 7 Moneta Money Bank expects the Czech mortgage market growth to be "more moderate" due to the Czech National Bank's recommendations on mortgages, CEO Tomas Spurny said on Wednesday.